Gautam Adani Net Worth: at What Age He Became Billionaire?

By Paisley Martin Last updated Feb 11, 2023

Gautam Adani is the founder and chairman of the Adani Group, a global business having its headquarters in India. Gautam Adani has a net worth of $1 billion. He is a first-generation entrepreneur. His goal of building a nation is driven by the core notion of fusing progress with virtue. Gautam Adani has a $124 billion net worth.

Gautam Adani Net worth

biography of Indian businessman and self-made billionaire Gautam Adani, who serves as the head of the Adani Group. The Adani Group manages a premier integrated infrastructure company with operations in ports, multimodal transportation, electricity generation, transmission, and gas distribution. Along with these activities, it also trades coal, mines coal, explores oil and gas, and distributes gas.

Biography of Gautam Adani

Gautam Adani, a first-generation businessman from a modest background, has recently been in charge of the $8 billion Inti Group, a professional business empire. Gautam Adani’s net worth is $124 billion. His creation of the trade transportation infrastructure earned him a spot among the top 100 business leaders in the world.

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Gautam Adani was born on June 24, 1962, in the Seth Ni Pol neighborhood of Ratanpole, Ahmedabad, to a Gujarati Jain family. He has seven siblings and his parents’ names are Shantilal Jain and Shanta Jain Adani. His parents, who moved from Tharad to the northern part of Gujarat in search of work, belong to the gotra of Adani.

Gautam Adani Net Worth 2023

According to the Bloomberg Billionaires Index, the coal magnate Gautam Adani’s net worth topped $125 billion on Monday, surpassing Mukesh Ambani’s $87.9 billion. Adani, who previously ranked fifth, has become the richest man in the world after increasing his wealth by $12 billion this year.

With his growing wealth, Gautam Adani is diversifying his company’s operations beyond fossil fuels to include renewable energy, airports, data centers, and government contracts. The pendulum has swung back towards Adani if 2020 was Ambani’s year when Reliance Industries made tremendous sums of money as a result of a technological advance that attracted investors like Facebook and Google.

The Forbes Real-Time Billionaire list indicates that Gautam Adani has surpassed Mukesh Ambani as the wealthiest person in Asia. As a result, he eventually rose to the position of the richest man in India. Compared to Mukesh Ambani’s $14.3 billion, Gautam Adani’s net worth added $55 billion to his wealth in 2021.

Family Adani, Gautam

Shantilal Adani and Shantaben Adani, Adani’s parents, are Jain, and he was born in Ahmedabad, Gujarat. He has seven total siblings. Gautam Adani, who is married to a dentist named Priti Adani, is the head of the Adani Foundation. His two sons are Karan Adani and Jeet Adani.

Early Life of Gautam Adani

early years The chairman of the Adani Group is an Indian entrepreneur and self-made billionaire Gautam Adani. The Adani Group manages a premier integrated infrastructure company with operations in ports, multimodal transportation, electricity generation, transmission, and gas distribution. Along with these activities, it also trades coal, mines coal, explores oil and gas, and distributes gas.

First-generation entrepreneur Gautam Adani, who had a poor childhood, rose quickly to the top of the $8 billion Inti Group. He created the infrastructure for trade transportation, earning him recognition as one of the top 100 business executives in the world.

Gautam Adani Career

Gautam Adani avoided taking over his father’s textile business since he was always fascinated by business and wanted to create his own. Scroll down to read more about his professional life. Gautam Adani moved to Mumbai in 1978 while still a teen and started working for Mahendra Brothers as a diamond sorter.

Before starting his diamond brokerage in Mumbai’s Zaveri Bazaar, he worked there for roughly two to three years. Older brother Mansukhbhai Adani asked Gautam to handle the management of a plastics company when it was relocated to Ahmedabad in 1981. Adani eventually used this facility as a gateway into global trade by importing polyvinyl chloride (PVC).

He started importing fundamental polymers for small businesses in 1985. Adani established Adani Exports in 1988; it is now known as Adani Enterprises. The company deals in commodities connected to agriculture and energy. The 1990s saw growth in the company. In 1991, Adani’s business benefited from economic liberalization policies, and he started growing it by selling metals, textiles, and agricultural products.

Adani received the contract for the Mundra Port in 1995. He built the first Jetty in 1995. It was once managed by Mundra Port & Special Economic Zone. The operations were later transferred to Adani Ports & SEZ, which is today the largest privately owned multi-port operator (APSEZ).

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Adani Electricity was established in 1996 by the Adani Group’s power business. With more than 4620 thermal power units, it is the largest thermal power generator in the country. He also entered the electricity generation sector in 2006. He also bought the Carmichael coal mine in Queensland and the Abbot Point Port in Australia between 2009 and 2012.

The Solar Energy Corporation of India’s $6 billion largest solar auction was won by Adani in May 2020. (SECI). Adani Green has ambitions to build an 8000 MW photovoltaic power facility in the future. Adani Solar will increase solar cell and module production capacity by 2000 MW.

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